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re: Installed my first bitcoin miner...
Posted on 2/27/13 at 4:31 pm to WikiTiger
Posted on 2/27/13 at 4:31 pm to WikiTiger
quote:
It's value is based on supply and demand.
Value based upon people believing it has some sort of value...
All of the commodities I listed have a value, they can be used to produce shite. What can a bitcoin do?
1
Posted on 2/27/13 at 4:35 pm to Lsut81
quote:
Value based upon people believing it has some sort of value...
No different than any government backed currency, unless you actually feel all warm inside when you hear "full faith and credit of the US government."
Do you deny that people right now are paying around $31.32 for a bitcoin?
quote:
All of the commodities I listed have a value, they can be used to produce shite.
I don't deny that.
quote:
What can a bitcoin do?
A bitcoin can be used to purchase many goods and services. It can also be used as a transaction network, which operates much faster than the traditional banking network, and has much lower fees. Do you think there is any value in that?
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